On today’s episode, Darren and Christina address why some people think infinite banking is a bad idea. There’s a lot of untruths out there and we don’t want anyone to get steered in the wrong direction when it comes to how infinite banking should work (if set up properly). Tune in now!

Show notes:

00:00 - Introduction

3:20 - Vanishing premiums and what people thought in the 80s

10:15 - “There’s no transparency when it comes to infinite banking”

16:40 - Smoke and mirrors with infinite banking policies

23:50 - Policies that don’t pay a dividend

28:00 - Infinite income from policies

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On today’s episode, Darren and Christina chat about Canada Life’s new charitable giving product! This is a very exciting announcement and the two break down exactly what it means, how it works, and how you can take advantage of it in your plan. Tune in now!

Show notes:

00:00 - Introduction

1:25 - Two different ways that charitable giving works

4:45 - New product from Canada Life

10:40 - Any downsides to the new product?

12:15 - Minimum amount needed for new product

14:50 - Using the charitable giving in family foundation

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We can’t believe it’s already been a year of the Control and Compound podcast and what a year it’s been! On today’s special episode Darren and Christina go over their favourite episodes, talk about some of the guests they had on, what happened this past year at the Control and Compound Financial, and finish off with some very exciting things to look forward to this upcoming year. Tune in now!

Show notes:

00:00 - 1 year Anniversary of the Control and Compound podcast!

1:55 - Year in review: guest episodes

7:40 - Favourite episodes

14:00 - What happened this year at Control and Compound Financial and what to look forward to this upcoming year

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On today’s episode, Darren and Christina go through many of your questions regarding dividends when it comes to participating whole life policies. Questions include, why does the dividend matter, when are they announced, and is being a whole life policy holder different from a shareholder in terms of the dividend. This is a very informative episode, tune in now!

Show notes:

00:00 - Introduction

1:15 - Why does the dividend matter to policy holders?

3:15 - Do the insurance companies always pay the dividend?

4:50 - When are dividends announced?

6:15 - Is a participating whole life policy holder different from a shareholder?

9:10 - What’s going on with the insurance companies, how do they decide dividend value?

11:40 - How do cancellations work?

14:05 - Policy expenses

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On today’s episode, Darren and Christina go through some of the comments they’ve seen online about what some people think infinite banking is and how it works. We’ve got some debunking to do, you don’t want to miss this episode!

Show notes:

00:00 - Introduction

1:35 - “Infinite banking is a scam” (no it’s not)

4:05 - “You lose the cash value when you die” (you don’t)

7:25 - “Why would I pay interest to borrow my own money” (it’s not your money)

10:00 - “The whole life policy is just a high commission product for the agent” (it’s not)

13:30 - “I can get a much higher rate of return investing somewhere else”

16:10 - “Dividends are just a return of an overpayment”

18:40 - “Infinite banking can’t be done in Canada” (it can)

20:25 - “Whole life is too expensive”

26:10 - “When I put my money inside the insurance, I can’t pick my own investments”

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On today’s May update episode, Darren and Christina go over current interest rates, the stock market, housing prices, and also chat about the importance of AI and how it’s going to affect the business and investing world in the near future. They also have some great news from the life insurance world with some of the providers announcing new things. Tune in now!

Show notes:

00:00 - Introduction

00:55 - Interest Rates update

3:00 - Bitcoin ytd update

3:55 - Stock market update

5:15 - House prices update

7:10 - The effects of AI on the real estate investing and business world

9:20 - Dividend scale announcement for Canada Life

11:25 - Canada Life introduces new product

13:55 - Question from one of our listeners: Difference between revocable and irrevocable beneficiaries

16:10 - C&C Update - What’s going on with us

17:50 - Update on our podcast episodes

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On today’s episode, Darren and Christina discuss critical illness insurance and the benefits that come along with it. They dive deep into what illnesses are covered, additional benefits, as well as how these policies are set up. Tune in now!

Show notes:

00:00 - Introduction

1:05 - What is critical illness insurance?

5:15 - What illnesses are covered?

12:28 - What other benefits are provided?

13:20 - The living care benefit

16:10 - What is a rider and how are they involved?

21:30 - How are these policies set up?

25:05 - Types of ownership for the policy

30:40 - Is critical illness insurance for me?

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On today’s episode, Darren welcomes private lending expert, Kyle Ford from Kyle Ford Mortgages, to the show. You don’t want to miss this one, Darren and Kyle go through everything you need to know about private lending including what a typical transaction looks like, why people choose the route of private lending instead of typical financing, costs and fees involved, as well as many other key points. Tune in now!

Show notes:

00:00 - Introduction

1:30 - Introduction to Kyle Ford

5:50 - Why do successful investors choose private lending over normal financing/loan?

9:15 - Who are the lenders typically?

12:25 - What does a private lending transaction look like?

20:30 - Typical appraisal costs and lawyer fees for borrower and lender?

22:40 - What does a typical deal look like at $100,000-$300,000 loan?

33:05 - Has Kyle had a situation where the borrower didn’t pay or cannot pay their loan?

37:30 - If I want to loan money from my RRSP or TFSA, what does that process look like?

42:55 - What are the things Kyle is most excited about right now? Intro to CapGap Mortgage Trust

45:55 - What type of lending will CapGap be doing?

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WEBSITE: https://www.kylefordmortgages.com/

On today’s episode, Darren and Christina break down what it looks like if you use cash inside your corporation to fund an infinite banking policy. You’re not going to want to miss this episode as they go over the tax implications, OpCo vs. HoldCo, and what you can use the cash for in a policy. Tune in now!

Show notes:

00:00 - Introduction

1:20 - CCPC (Canadian controlled private corporations) tax implications

7:55 - Using corporate dollars for infinite banking

13:35 - OpCo vs. HoldCo

17:20 - Can I put a policy on my kids/spouse within my corporation?

20:00 - Surviving shareholders

23:50 - What else can you use the money in your corporate policy for?

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On today’s episode, Darren and Christina discuss the recent banking collapse scare with Silicon Valley Bank leading the way. They also get into what this could mean for the insurance companies that they use for infinite banking participating whole life policies. Don’t worry, it’s good news for infinite banking even though it might be bad news for the banks!

Show notes:

00:00 - Introduction

1:25 - Life insurance contracts for infinite banking policy: are they at risk?

8:20 - Levels of protection with the insurance companies we work with

14:45 - Oversight, reserves, and regulations of the insurance industry in Canada

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